100K trading account?

I have not been an active trader, mainly buy and hold and reinvesting dividends since 87. anyhow right now I decided to use the dividends and deposit the cash from the dividends for this year into etrade so I can do a bit of daytrading.

I should have 100K at the end of the year (Thats what I will get in dividends this year)

is 100K a a good size for trading on etrade? I do not want to use margin just buy and sell regular stocks like intel,cisco,etc.. name brand stocks nothing weird.

professionals prop traders only have $5000 deposit or $10,000 if you have 10:1 20:1 intra-day leverage.

Quote from prc117f:

I have not been an active trader, mainly buy and hold and reinvesting dividends since 87. anyhow right now I decided to use the dividends and deposit the cash from the dividends for this year into etrade so I can do a bit of daytrading.

I should have 100K at the end of the year (Thats what I will get in dividends this year)

is 100K a a good size for trading on etrade? I do not want to use margin just buy and sell regular stocks like intel,cisco,etc.. name brand stocks nothing weird.

I already have a margin account with etrade. I just do not want to use margin just what I have. the problem I have with leverage is that means for every 1 dollar down you are down 20 dollars. Sounds dangerous.

I figured if I stick to name brand stocks, trade only with money I have and if the stock is lower I just hold till the next day or so and sell when I can profit.

I already have a margin account with etrade. I just do not want to use margin just what I have. the problem I have with leverage is that means for every 1 dollar down you are down 20 dollars. Sounds dangerous.

I figured if I stick to name brand stocks, trade only with money I have and if the stock is lower I just hold till the next day or so and sell when I can profit.

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100k is fine. You should get 4-1 and 2-1 overnight margin. For a retail acct

I already have a margin account with etrade. I just do not want to use margin just what I have. the problem I have with leverage is that means for every 1 dollar down you are down 20 dollars. Sounds dangerous.

I figured if I stick to name brand stocks, trade only with money I have and if the stock is lower I just hold till the next day or so and sell when I can profit.

More...

PRC,

Based on your two posts, you have no fucking clue about trading or investing.

I am not saying this to be mean or inflamatory.

I am saying this because if you realize that you have no fucking clue, you might put in the work to get a clue.

In the meantime, trade with very small size for 6 months in order to discover that indeed you have no fucking clue.

This is actually a helpful post to you.

I wish you the best.

It would be interesting if you report back to this thread in 12 months.